EA share price plummets because of Apex Legends Season 2 say analysts - Dexerto
Apex Legends

EA share price plummets because of Apex Legends Season 2 say analysts

Published: 6/Jul/2019 16:53 Updated: 6/Jul/2019 17:28

by Eli Becht

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Fans of Apex Legends have been enjoying the launch of Season 2, but it hasn’t been all good news for publisher EA, as share prices dropped more than 5% in spite of, or perhaps because of, the new season.

Players waited a long time for the launch of Season 2 after over a month’s delay, and while it was able to deliver what they wanted, it appears it wasn’t enough to impress investors as EA’s share price dropped to its lowest point in five months.

Apex Legends exploded in popularity out of the gate but hasn’t been able to capture that lightning in a bottle since.

Respawn EntertainmentApex Legends Season 1 underwhelmed fans but Season 2 has impressed so far.

Twitch viewership is way down

In a report by CNBC, it’s suggested that the plummeting Twitch viewership is one reason the share prices have taken a hit. After consistently being around 100,000 concurrent viewers, the game now finds itself at a much more modest 20,000-30,000 viewer count on average. 

  • Read More: Fortnite – but that growth has undoubtedly slowed.

    NASDAQStock is trending downwards.

    However, Michael ‘shroud‘ Grezsiek has been one of the very big streamers that have consistently been streaming Apex since its launch of Season 2.

    It’s almost guaranteed that Dr Disrespect would’ve spent time on the game if not for his ban from Twitch as a result of his E3 IRL stream. When he makes his return, we’ll have to see if he decides to stream Apex or something else.

    EAApex is a hit for players but not for analysts.

    Player engagement is still going well

    Analyst Jeff Cohen said EA’s share price dropping like this is “pretty drastic and definitely feels oversold,” according to CNBC.

    Cohen does say the engagement of Apex Legends on Reddit and the number of Twitch channels streaming the game are still encouraging. 

    Respawn EntertainmentEA will want to rebound after this latest hit.

    Would cross-play help?

    An investment advisor at Gerber Kawasaki Inc says a move to cross-platform will help Apex Legends bounce back, according to Bloomberg.

    “A lot of people were expecting this season to kind of blow them out the water,” Nick Licouris, an investment adviser covering video games at Gerber Kawasaki Inc said to Bloomberg.. “I wasn’t too impressed” and EA really needs Apex Legends to be cross-platform in order to take to it to the next level. “That was one great thing that Fortnite did.”

    According to Business Insider, the update failed to ease concerns over Apex’s potential to compete with Fortnite.

    Respawn EntertainmentApex Legends has taken some hits but is still chugging along.

    For what it’s worth, Activision and Take-Two, two of EA’s competitors, fell 3.4% and 1.9% respectively so it might not be all on Apex Legends.

    Stocks fluctuating is no surprise to see and if Apex Legends continues to perform well going forward, we can expect to see the stocks bounce back.

Apex Legends

Apex Legends release for Nintendo Switch delayed

Published: 23/Oct/2020 17:54 Updated: 23/Oct/2020 18:01

by Alan Bernal

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Respawn Entertainment has announced that they are delaying the official release of Apex Legends on Nintendo Switch, after announcing their launch on Steam for PC players.

The news that Apex was coming to Switch was first shared during the EA Play Live event on June 18, where they revealed the next stages of the game’s development. It finally put a host of rumors and leaks to bed since Apex’s debut back in 2019, as players wanted to immediately take the Arena with them on-the-go shortly after launch.

The news would have opened the game to expand its player count by millions, but Switch players will now have to wait a little longer after further delays were announced.

Apex Legends Nintendo Switch release date

Respawn confirmed that the new Switch port has been delayed until early 2021 after it was expected to arrive with the Steam version of the game.

“For those who game on the Nintendo Switch, we’re still hard at work on the port, but in order to do justice to the game and make it into the great experience Switch players deserve, our team needs more time,” Apex Game Director Chad Grenier confirmed, on October 23.

“This year has brought on unexpected new challenges, to put it mildly, and we don’t want to rush anything out,” the Respawn dev continued, “Switch owners can expect to get their hands on Apex Legends next year.”

EA
Apex Legends will be on all the major consoles in early 2021.

While it is being delayed, he confirmed that it still arrive with all of the expected features, “of course, when Apex Legends does launch on Switch, it’ll come with support for cross-platform play, our latest seasonal content, and full feature parity with the other versions of the game.”

This won’t be the first time a major battle royale comes to Nintendo Switch. EA and Apex Legends are going to compete against Epic Games and Fortnite for the many battle royale fans on the platform.

The initial announcement was a longtime coming. Reports for a Nintendo Switch port have been around for about as long as Apex Legends has been released to the world.

In a 2019 interview only months after Apex’s release, Project lead at the time, Drew McCoy, said that the company knew a Nintendo port was on many people’s wishlist. Since then, it’s been a waiting game for Nintendo fans who have been waiting to get into the Arena.

Respawn Entertainment
Players from all walks of consoles will be able to drop into Apex Legends soon.

There were a lot of questions revolving around the technical limitations of the Switch that would be a hurdle for a port, but the developers are now committed to releasing it early in 2021.

It’s unclear what the download size for the Switch version will be, so stay tuned to Dexerto for all the latest information on the upcoming Apex Legends port.